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GE Vernova flags third-quarter wind loss after offshore blade breakages

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GE Vernova flags third-quarter wind loss after offshore blade breakages | Windpower Monthly

GE Vernova flags third-quarter wind loss after offshore blade breakages

GE Vernova expects to post a $300 million Ebitda loss in its wind segment for the third quarter of 2024 after a series of offshore blade failures in recent months. The turbine maker has also reaffirmed its financial guidance for the full year.

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Related Knowledge Center: ENERGY BASICS: wind

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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